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124
Dec 24, 2012
12/12
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government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the poor, mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing more quickly than the economy, larger than they have been in the past, and what we need to decide as a nation is, are willing to pay substantially higher taxes than we have in the past to pay for these programs? if we want to keep our current tax burdens, we need to figure out how to reduce those programs. medicare -- we are not talking about reducing benefits over the long term. we have a health care system over all that grows more quickly than the economy. economists do not have one reason why that happens. they are looking for all the reasons why that ha
government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the poor, mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing more quickly...
116
116
Dec 24, 2012
12/12
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the government did. all the way through to the election day, people said jobs was the number-one concern. when you talk about jobs, whether the deficit, people think about things the government can do to try to improve the job situation. and, fundamentally the concerns people have right now have to do with the fairness of the political system and the fairness of the economic system. that is the realm in which i think obama had an upper hand and played that. mitt romney making statements about 47% helped him in that regard it is not about class resentment. it is not middle income class and lower income resent middle- class people but the to the system as unfair. that the way benefits are distributed is unfair, and they want to see a system move in the direction of fairness. i think that theme played very well to obama and helped to overcome the headwinds he faced in that respect. but if it is there in a review of the election. then what i would like to do is open it up to more of a conversation and more o
the government did. all the way through to the election day, people said jobs was the number-one concern. when you talk about jobs, whether the deficit, people think about things the government can do to try to improve the job situation. and, fundamentally the concerns people have right now have to do with the fairness of the political system and the fairness of the economic system. that is the realm in which i think obama had an upper hand and played that. mitt romney making statements about...
175
175
Dec 23, 2012
12/12
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government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the poor, mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing more quickly than the economy, larger than they have been in the past, and what we need to decide as a nation is, are willing to pay substantially higher taxes than we have in the past to pay for these programs? if we want to keep our current tax burdens, we need to figure out how to reduce those programs. medicare -- we are not talking about reducing benefits over the long term. we have a health care system over all that grows more quickly than the economy. economists do not have one reason why that happens. they are looking for all the reasons why that ha
government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the poor, mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing more quickly...
112
112
Dec 27, 2012
12/12
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eye 112
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the next government should have stopped it. but unfortunately government is government. government kept the foot firmly on the accelerator. why? because german capital was flowing to the country at cheap rates, financing ponzi schemes. it is just like the subprime market here where people were coerced to take loans that could not afford. similarly in greece. so, you had executives coming to greece, bribing politicians. the greek government -- they did not listen. then 2008. the conservative prime minister, he is not a stupid man. he was a terrible prime minister, but he is not a stupid man. you know what he did? he bailed out. he has not spoken since. he affectively called for a general election. he did not contest it. it was much worse than obama's first debate. he appeared before them and was like "don't vote for me." he lost that election. he did not have to call for that election. he called for it to lose it, to stay at home. he has not spoken since. he is having a nice holiday. and then there was papandreou. i was an advisor up until 2006. so i am not to blame. who
the next government should have stopped it. but unfortunately government is government. government kept the foot firmly on the accelerator. why? because german capital was flowing to the country at cheap rates, financing ponzi schemes. it is just like the subprime market here where people were coerced to take loans that could not afford. similarly in greece. so, you had executives coming to greece, bribing politicians. the greek government -- they did not listen. then 2008. the conservative...
114
114
Dec 23, 2012
12/12
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government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the fourpo mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing more quickly than the economy, larger than they have been in the past, and what we need to decide as a nation is, are willing to pay substantially higher taxes than we have in the past to pay for these programs? if we want to keep our current tax burdens, we need to figure out how to reduce those programs. medicare -- we are not talking about reducing benefits over the long term. we have a health care system over all that grows more quickly than the economy. economists do not have one reason why that happens. they are looking for all the reasons why that h
government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the fourpo mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing more quickly...
111
111
Dec 28, 2012
12/12
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government is good or government is bad. it is somewhere in between. my experience working with the department of education, for the most part, the tensions are -- intentions are good. it drives people near profit. you get to the collection side and there's a whole system of financial systems that draws people more towards profit. hopefully we can have a conversation of higher education in the first place. it is what is right now. we're denying some many people the benefits of it. >> the example of $10,000 of and come and $30,000 of debt, either they are not aware of what that means, for there are expecting the child. i say we get rid of alone and have a rational set of limits on the student loans based on the degree lovell that will specify -- level that will specify what the likely in come as going to be. the annual limits of will be proportional. based on the length of the degree program. i think that we need to do more on the back end. and i know you agree with this. we'd have a bankruptcy discharge available. we need to restore a statute of limita
government is good or government is bad. it is somewhere in between. my experience working with the department of education, for the most part, the tensions are -- intentions are good. it drives people near profit. you get to the collection side and there's a whole system of financial systems that draws people more towards profit. hopefully we can have a conversation of higher education in the first place. it is what is right now. we're denying some many people the benefits of it. >> the...
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105
Dec 28, 2012
12/12
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we have a huge government. the average member of congress has about 2 seconds per year to think about how they spent each million dollars they spend. that's not enough time for them to analyze everything. so they end up passing laws they don't read. that causes huge problems of all sorts. i agree with you, that's a major problem. the housing problem, the financial crisis is really a problem caused by states and local governments. often state and local governments following trends, following planning fads' rather than doing what really works best for the american people, which is to let people choose how they want to live, how they want to get around, and pay for the cost of their. choices their but give them freedom of choice and let them do what they want. host: this is from wall street journal earlier this month -- guest: mental prices are on the rise in places that have land use restrictions like d.c., boston. they're not really on the rise in places that don't have land-use restrictions. in houston, the fas
we have a huge government. the average member of congress has about 2 seconds per year to think about how they spent each million dollars they spend. that's not enough time for them to analyze everything. so they end up passing laws they don't read. that causes huge problems of all sorts. i agree with you, that's a major problem. the housing problem, the financial crisis is really a problem caused by states and local governments. often state and local governments following trends, following...
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91
Dec 27, 2012
12/12
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is at work, that their government can work, and that their government will work. thank you very much. questions? yes. >> did you get a communication from the majority leader that they would be coming back? >> they would be discussing it today. i know they are discussing that issue. very frankly, the house has to initiate revenue bills. the house failed to send a bill out, as you know, last week, because the republican party could not come to an agreement. so i do not have a representation as to what they are going to do. i do know they are going to be discussing it just in a few minutes. >> what would you say [indiscernbile] >> i would say the most preferable path forward is to get us back in session, come here, sit down at the table, and reach a compromise agreement. an alternative, which is the simplest, pass the senate bill you want to correct a glitch in the senate bill from a procedural viewpoint, it will pasts the house, which will include a tax decrease on the first $200,000 of income of an individual, or $250,000 for a family. we could do that immediately.
is at work, that their government can work, and that their government will work. thank you very much. questions? yes. >> did you get a communication from the majority leader that they would be coming back? >> they would be discussing it today. i know they are discussing that issue. very frankly, the house has to initiate revenue bills. the house failed to send a bill out, as you know, last week, because the republican party could not come to an agreement. so i do not have a...
147
147
Dec 26, 2012
12/12
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the federal government does not redecorate your room for you. that is not one of the benefits. my mother shot that down pretty quickly. [laughter] >> you try to put a poster up -- if you try to put a poster up, is that frowned upon? >> i always wanted a brass bed from the time when i was a child. the curator said is there a brass bed in storage. the white house has these huge storage units of furniture. is there one that you can bring from storage and put it in susan room so she could have a brass bed? but it is not of the era of the house. [laughter] ok. eventually, clem found a brass bed in missouri that was of the era of the house. that was exquisite. i mean, it had a half canopy and it was the most beautiful thing and the whole wide world. the family loaned it to us. then jack carter and his wife wanted to keep the bed because they realized how beautiful it was. the family in missouri said, no, we all republicans and we are taking it back. [laughter] there are all kinds of things that go on that you will never hear about these stories. >> that is a perfect segue. we are goi
the federal government does not redecorate your room for you. that is not one of the benefits. my mother shot that down pretty quickly. [laughter] >> you try to put a poster up -- if you try to put a poster up, is that frowned upon? >> i always wanted a brass bed from the time when i was a child. the curator said is there a brass bed in storage. the white house has these huge storage units of furniture. is there one that you can bring from storage and put it in susan room so she...